Jesse Buell, Kraken: the market capitalization will exceed $1 trillion before the end of the year


According to the head of the trading platforms, crypto-currencies become more widely used in 2018, so their price can increase dramatically in the next few months

Despite the deep correction in the cryptocurrency market and a drop in trading volume, about digital money have learned far more people in 2018, said the head of the exchange Kraken, Jesse Powell writes CoinGape. The expert believes that this may be one of the reasons for the sharp growth rate of digital money in the next few months.

Powell said that the total capitalization of the sector by the end of this year could exceed $1 trillion, most digital money will sharply rise in price. In January, when the value of the industry was at its peak, it was barely over $830 billion. The head of the Kraken stressed that the cryptocurrency will penetrate into different spheres of activity, and it will positively affect their course.

Yesterday, August 28, the cost of bitcoin rose above $7000. According to the expert “Alpari” Vladislav Antonov, the end of the year, the first cryptocurrency will rise to the level of $10,000.

More news about cryptocurrencies in our telegram channel RBC-Crypto.

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